Tue.Dec 14, 2021

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FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

Appraisal 432
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Rental Schedules Without an Appraisal?

The Appraiser Coach

Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, Read More.

Appraisal 370
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Freedom Mortgage cuts jobs in Fort Mill, SC office

Housing Wire

Layoffs swept through Freedom Mortgage ’s Fort Mill, South Carolina office last Friday, sources familiar with the situation confirmed to HousingWire this week. The exact numbers have not been publicly disclosed, but laid off employees said it’s in the hundreds. A manager at Freedom, who requested anonymity, told HousingWire that the sales side of the Fort Mill office was let go.

Mortgage 397
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Delinquency and Transition Rates Declined Again in September; Rates Steady Ahead of Fed

Appraisal Buzz

September marked additional improvement in loan performance nationwide. CoreLogic says the national delinquency rate, loans that were 30 or more days past due, including those in foreclosure, was 3.9 percent. This was down from the 4.0 rate the company reported in August and 2.4 percentage points lower than delinquencies in September 2020. Frank Nothaft, CoreLogic’s chief economist said, “The economic recovery has pushed down the percent of delinquent borrowers to the lowest level si

Appraisal 195
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Automation is coming to non-QM lending

Housing Wire

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . Over the next several years, however, assuming interest rates continue to tick upward absent great volatility, the non-QM (or non-qualified mortgage) market has the potential to grow tenfold, according to some industry executives.

Lending 383
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loanDepot Appoints Bill Wied SVP and CFO

Appraisal Buzz

Digital expert joins company’s leadership to attract top technology talent, while fostering a strong culture of innovation and technical excellence. The post loanDepot Appoints Bill Wied SVP and CFO appeared first on theMReport.com. The post loanDepot Appoints Bill Wied SVP and CFO appeared first on Appraisal Buzz.

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The Best Tiny Home Markets in the Nation

Appraisal Buzz

Demand has accelerated for this unique way of living, as both first-time home buyers and property investors are seeking to take advantage of affordability. The post The Best Tiny Home Markets in the Nation appeared first on theMReport.com. The post The Best Tiny Home Markets in the Nation appeared first on Appraisal Buzz.

Marketing 195
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5 Ways Digital Forms Help Your Practice Prioritize Patient Support

GoForrmz

Prioritize patient support by digitally transforming your operations from end-to-end Whether your operation is a private practice or large-scale healthcare provider, teams require their patients to fill, complete, and submit critical documentation. This documentation helps ensure practices of all kinds can prioritize patient support. Unfortunately, manual tools, like paper forms, faxing, printing, and manual workflows, create obstacles that prohibit a seamless flow of patient care.

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National Mortgage Delinquency Rate Drops Again

Appraisal Buzz

CoreLogic’s Loan Performance Insights Report for September 2021 found that just 3.9% of all mortgages nationwide were in some stage of delinquency (30 days or more past due, including those in foreclosure), a 2.4-percentage point decrease in delinquency compared year-over-year, when the delinquency rate stood at 6.3%. Before the pandemic, the delinquency rate stood at 3.8% over the … The post National Mortgage Delinquency Rate Drops Again appeared first on DSNews.

Mortgage 195
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3 CRE Development Projects from The Robert Weiler Company Help Propel the Columbus, Ohio Region

The Robert Weiler Company

As a commercial real estate brokerage in Columbus, Ohio, we know that our city’s population of 900,000 doesn’t rival the country’s major metropolitan areas. Our great urban jungle in the heart of the Midwest doesn’t even make the top 10. But Columbus, Ohio’s modest city size belies the fact that when you include its suburban, exurban, and near-rural outer lands, it’s a thriving region of a much larger construct that’s as diverse and as intricate as any other larger city on the map.

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GoFundMe Established for Kentucky Tornado Victims

Appraisal Buzz

Legal League 100 member firm McCalla Raymer Leibert Pierce has launched a GoFundMe charity drive to benefit disaster victims in wake of the recent Kentucky tornadoes. The post GoFundMe Established for Kentucky Tornado Victims appeared first on DSNews. The post GoFundMe Established for Kentucky Tornado Victims appeared first on Appraisal Buzz.

Legal 195
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Market Value: Who Says What It Is?

McKissock

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client.

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As Home Equity Soared, Mortgage Delinquencies Dropped in September, Reports CoreLogic

Appraisal Buzz

CoreLogic ’s monthly Loan Performance Insights Report for September 2021 shows that 3.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.4-percentage point decrease compared to September 2020, when it was 6.3%. Comparatively, the overall delinquency rate in September 2019 was 3.8%.

Mortgage 195
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Find Top-Performing Investment Properties Quickly and Easily (XMAS20)

Mashvisor

Find Top-Performing Investment Properties Quickly and Easily start your free trial Save 22% on industry-leading real estate data and analytics Mashvisor is a one-stop real estate investment platform that uses…

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Biden Nominates Acting Director Thompson to Head FHFA

Appraisal Buzz

President Joseph R. Biden has nominated Sandra L. Thompson to the serve as the Director of the Federal Housing Finance Agency (FHFA). Thompson has been serving as the Acting Director since June 2021. “Thompson has over four decades of government experience in financial regulation, risk management, and consumer protection,” said a White House press release.

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Find Top-Performing Investment Properties Quickly and Easily (XMAS20)

Mashvisor

Find Top-Performing Investment Properties Quickly and Easily start your free trial Save 20% on industry-leading real estate data and analytics Mashvisor is a one-stop real estate investment platform that uses…

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President Biden Moves to Confirm Acting Director Thompson

Appraisal Buzz

President Joseph R. Biden has nominated Sandra L. Thompson to the serve as the Director of the Federal Housing Finance Agency (FHFA). Thompson has been serving as the Acting Director since June 2021. “Thompson has over four decades of government experience in financial regulation, risk management, and consumer protection,” said a White House press release.

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What to Expect from the Real Estate Market This Winter

Eppraisal

The recent trends in real estate in the United States have delighted some people and frustrated others. High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Again, good news for sellers; a headache for seekers. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate market.

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Sandra Thompson Officially Nominated by President Biden as FHFA Director

Appraisal Buzz

President Joe Biden has announced his intent to nominate Sandra L. Thompson to serve as the director of the Federal Housing Finance Agency (FHFA). Thompson has over four decades of government experience in financial regulation, risk management and consumer protection. She has served as the deputy director of the agency’s Division of Housing Mission and Goals (DHMG) since 2013.

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How to Calculate Airbnb Profit Before Investing in a Property

Mashvisor

Real estate investment is a numbers game. Unless you’re buying your retirement home, you want to know how much return on investment your investment property will give you.

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Rental Schedules Without an Appraisal?

Appraisal Buzz

Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, … Read More. The post Rental Schedules Without an Appraisal? appeared first on Appraisal Buzz.

Appraisal 195
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Buyers Market vs Sellers Market in Real Estate: Everything That You Need to Know

Mashvisor

There are two main real estate market cycles: the buyers market and the sellers market. Learn how investors can take advantage of either cycle.

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Market Value: Who Says What It Is?

Appraisal Buzz

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client.

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2021 Was a Transformative Year for Commercial Appraisal and Realquantum

Real Quantum

2021 Was a Transformative Year for Commercial Appraisal and Realquantum. T he year 2021 has been a whirlwind year for us all. It started off with hard work, recovering from the unprecedented events of 2020. Back then, we were just looking forward to a return to normalcy. Little did we know that COVID variants, supply chain challenges and more would impact the way we now view that term “normal”. .

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Property Tax Increases Force Rise in Foreclosure Rates

Appraisal Buzz

With home price appreciation on the rise, higher property taxes have pushed foreclosures up in Virginia, Georgia, and New York. The post Property Tax Increases Force Rise in Foreclosure Rates appeared first on DSNews. The post Property Tax Increases Force Rise in Foreclosure Rates appeared first on Appraisal Buzz.

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9 Types of Must-Have Insurance for Landlords—Including Renters’ Insurance

BiggerPockets

Without adequate insurance cover, you run the risk losing money and even your rental business. While insurance might seem an unnecessary extra cost, the moment you need it is when it pays for itself.

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Home Price Appreciation as a ‘Double-Edged Sword’

Appraisal Buzz

debt-to-income ratios, Foreclosure, home price appreciation, income inequality, Knock, property tax assessments, Property Taxes, real estate-owned (REO). The post Home Price Appreciation as a ‘Double-Edged Sword’ appeared first on theMReport.com. The post Home Price Appreciation as a ‘Double-Edged Sword’ appeared first on Appraisal Buzz.

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Rookie Podcast 139: The Best Tax Benefits of Rental Property Ownership w/ CPA Ana Klein

BiggerPockets

What 2022 real estate tax strategies do you have prepared? Or maybe the better question is: have you even started to plan for taxes in 2022? If you’re a real […].

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The Exchange: Mike Rawls, CEO, Xome

Appraisal Buzz

DS News sat down with Xome’s CEO to discuss such hot button topics as the current state of the industry and the auction process. The post The Exchange: Mike Rawls, CEO, Xome appeared first on DSNews. The post The Exchange: Mike Rawls, CEO, Xome appeared first on Appraisal Buzz.

Appraisal 195
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How to Make Big Money with Small Multifamily Real Estate Investing

Mashvisor

What is multifamily real estate investing? And why is it one of the best ways for making money?

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Sagent Chosen by Land Home Financial Services for Servicing System

Appraisal Buzz

Sagent , a fintech company focused on mortgage and consumer loan servicing for banks and lenders, has signed a 10-year partnership with Land Home Financial Services Inc. to power its entire servicing consumer and enterprise experience across performing and non-performing loans. The California-based independent mortgage bank specializes in the reperformance of loans held by third parties.

Appraisal 195
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Government advisers weigh in on possible housing taxes

Mortgagebroker News

Policymakers are at risk of significantly mischaracterizing the causes of the housing crisis, observers say

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TMConnect Webinar: How Assurance Succeeds with Digital Closings

Assurance Financial

eClose Results: How Assurance Succeeds with Digital Closings. Featuring Assurance Financial Director of Operations, Scott Alexander. As Briana Ings, VP of Product at Snapdocs, kicked off the TMConnect webinar, Scott discussed how Assurance Financial’s partnership with Snapdocs on eClose technology has enabled them to optimize their operations.

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How Omicron could impact interest rates

Mortgagebroker News

The new COVID-19 variant has "injected renewed uncertainty" into the economy

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